Exchange Income Co. (TSE:EIF) had its price objective lowered by research analysts at Scotiabank from C$43.00 to C$42.00 in a research report issued to clients and investors on Friday, July 21st. The firm presently has an “outperform” rating on the stock. Scotiabank’s price target would indicate a potential upside of 44.63% from the company’s previous close.
EIF has been the topic of several other reports. Royal Bank Of Canada reiterated a “sector perform” rating and set a C$38.00 price objective on shares of Exchange Income in a research report on Friday, July 7th. TD Securities upgraded shares of Exchange Income from a “hold” rating to a “buy” rating and boosted their price target for the company from C$44.00 to C$45.00 in a report on Thursday, May 11th. CIBC reduced their price objective on shares of Exchange Income from C$39.00 to C$35.00 and set a “neutral” rating for the company in a research note on Friday, July 21st. Finally, Canaccord Genuity reduced their price objective on shares of Exchange Income from C$44.00 to C$42.00 and set a “buy” rating for the company in a research note on Friday, July 21st. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of C$43.56.
Exchange Income (TSE EIF) opened at 29.04 on Friday. Exchange Income has a 52 week low of $25.80 and a 52 week high of $45.28. The stock has a market cap of $897.66 million and a price-to-earnings ratio of 13.53. The firm’s 50 day moving average price is $30.66 and its 200-day moving average price is $35.84.
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In related news, Director Edward Warkentin purchased 1,375 shares of the firm’s stock in a transaction dated Thursday, May 11th. The shares were acquired at an average cost of C$35.45 per share, with a total value of C$48,743.75. Also, insider Carmele Peter purchased 870 shares of the firm’s stock in a transaction dated Monday, July 24th. The shares were bought at an average cost of C$28.77 per share, for a total transaction of C$25,029.90. Insiders have acquired 39,603 shares of company stock worth $1,178,484 over the last ninety days.
Exchange Income Company Profile
Exchange Income Corporation engages in aerospace and aviation services and equipment, and manufacturing businesses worldwide. It operates through two segments, Aerospace & Aviation, and Manufacturing. The Aerospace & Aviation segment scheduled airline and charter services, and emergency medical services to communities located in Manitoba, Ontario, and Nunavut; and scheduled airline and charter service in Newfoundland and Labrador, Quebec, New Brunswick, and Nova Scotia.
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